Short Interest in Camping World Holdings, Inc. (NYSE:CWH) Increases By 19.6%

Camping World Holdings, Inc. (NYSE:CWH) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 6,640,000 shares, an increase of 19.6% from the December 15th total of 5,550,000 shares. Based on an average daily volume of 1,510,000 shares, the days-to-cover ratio is currently 4.4 days.

Camping World Stock Performance

Shares of CWH traded down $0.28 during mid-day trading on Friday, reaching $22.90. 745,076 shares of the company’s stock traded hands, compared to its average volume of 1,070,124. Camping World has a 12 month low of $17.29 and a 12 month high of $28.72. The stock has a market capitalization of $1.95 billion, a P/E ratio of -33.19, a price-to-earnings-growth ratio of 0.97 and a beta of 2.49. The business’s 50-day moving average price is $22.74 and its 200-day moving average price is $22.18. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23.

Camping World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Friday, December 13th. Camping World’s dividend payout ratio is currently -72.46%.

Analyst Upgrades and Downgrades

CWH has been the subject of a number of recent analyst reports. KeyCorp raised their price target on shares of Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Roth Mkm reiterated a “buy” rating and issued a $28.00 price target (up from $26.00) on shares of Camping World in a research note on Wednesday, October 30th. Monness Crespi & Hardt increased their target price on Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Raymond James upgraded Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a report on Wednesday, October 30th. Finally, Bank of America initiated coverage on shares of Camping World in a report on Thursday, December 19th. They issued a “buy” rating and a $30.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.75.

Hedge Funds Weigh In On Camping World

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quest Partners LLC raised its position in shares of Camping World by 5,647.8% during the 3rd quarter. Quest Partners LLC now owns 1,322 shares of the company’s stock worth $32,000 after buying an additional 1,299 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Camping World in the second quarter worth approximately $50,000. Truvestments Capital LLC bought a new stake in shares of Camping World in the 3rd quarter worth $165,000. nVerses Capital LLC bought a new position in Camping World during the third quarter valued at about $191,000. Finally, Blueshift Asset Management LLC acquired a new position in Camping World during the third quarter worth about $214,000. Institutional investors own 52.54% of the company’s stock.

About Camping World

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.